RE: Biden11 Jun 2022 11:38
Two years ago Oil prices were negative. Fast forward to now and we are sitting around the $125 mark.
Surely even you can agree RNSTranslator that all partners involved in the Wressle asset are going to be making substantial profits from now on, and that is before we increase the choke to IRO 1300 BOPD an sell the gas to grid in the new year 2023 ?
With global inventories dropping and supply not fulfilling the increasing demand over the next few years, any oiler with a quality production field like Wressle will be banking substantial money. Yes, we await the Gaffney Cline RNS, but again I have posted enough on my thoughts of it being impressive, with the big producer to come, the Pennystone Flags.
We have our upcoming votes at the AGM, which I have contacted Hargreaves for an had confirmation that my 'yes' vote has been registered. We need this to pass as David will have substantial money in the bank and of course this will attract institutional investors for the dividend aspect an share buy backs.
The share price will rerate. We hit 60p on two separate occasions with Union Jack not being no where near this great shape.
Fossil fuels are needed for many, many years to come. We are still surrounded by ignorance from policy makers, fools like Biden and Kwasi who quite frankly mucked up massively and now asking for producers to get pumping with tax incentives and back tracking on many COP26 unrealistic plans. BUT, the damage is done and as an investor in oil and gas I intend to reap the benefits for my beliefs, because lets be honest the anti fossil fuel supporters would have soon celebrated if they had of succeeded. It is quite clear now that many of the public will not be interested in their gluing themselves to roads when their bills are skyrocketing and struggling to eat. Greta Thunberg has a lot to answer for. You call me a bully royoboy..well Greta has a lot to answer for in terms of the majors curbing production to not have their HQs vandalised. Shale producers can no longer come to the rescue as their share holders only want share buy backs an dividends. OPEC is gonna run out of spare capacity too end of this year.Biden off to visit Saudi .. Why ? The blokes a liability.
Sign In
Follow the stocks
